Latin AmericaLatin America
The US dollar fell to an exchange rate of Chilean Pesos 528 on Tuesday, the lowest rate since September 2008, a tendency confirmed in Wednesday’s trading. Since the beginning of 2009, the dollar has fallen 113 Chilean pesos.
By Michael Magan (*)
On economic policy, Latin American leaders face a basic choice: Adopt old style government-heavy populism championed by Venezuelan president Hugo Chavez, or the market-friendly reforms instituted in countries like Brazil, Peru, and Chile?
Four of the six candidates for Honduras presidential election next November 29th signed Tuesday the social pact to strengthen democracy, peace and freedom, one of several steps agreed last week to end the four months institutional crisis of the Central American country, according to political sources.
Peru launched in Argentina its peace, security and cooperation initiative to reduce arms purchases in the region and to lower expenditure on military hardware.
Cuban purchases from United States companies will total some 580 million US dollars by the end of 2009, down 37% from last year, the head of the state corporation Alimport said this week.
Chile’s largest Eco-Tourism firms, Nomads, plans to develop new tour routes after acquiring 22.000 hectares of un-spoiled land in southern Chile. The company hopes to create a conservation zone to protect various protected species living in the area.
Chilean authorities have just launched a new 4 million US dollars advertising campaign to attract more Brazilians to visit Chile. Funded by Tourism Chile and the National Economic Development Agency (CORFO), the promotion aims to increase the number of Brazilian tourists visiting Chile by 30%.
The Organization of American States, OAS, is planning an extraordinary general assembly for next week to approve the reincorporation of Honduras in anticipation of the country’s presidential election November 29th, according to Chilean minister of Foreign Affairs, Mariano Fernández.
One of Chile’s Navy latest incorporations Offshore Patrol Vessel (OPV 81) “Piloto Pardo” is currently in Punta Arenas from where it will be operating during summer months in fisheries patrol protection, search and rescue operations and other Chilean sovereignty activities along the country’s long coastline, EEZ plus Antarctic logistics tasks.
United States secretary of Labour and a former Chilean president were named Sunday to a commission tasked with monitoring the creation of a power-sharing government in Honduras, under a US-brokered agreement to end the Central American nation's four-month-old political crisis.